SOLUTION: the demand and supply equations for a certain item are given by D= -5p+40 s= -p+30p-8 Find the equilibrium price.

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Question 105138: the demand and supply equations for a certain item are given by
D= -5p+40
s= -p+30p-8
Find the equilibrium price.
Answer by elima(1433) About Me  (Show Source):
You can put this solution on YOUR website!
the demand and supply equations for a certain item are given by
D= -5p+40
s= -p+30p-8
Find the equilibrium price.
when they equal each other they are in equalibrium
-5p+40=-p+30p-8
40+8=-p+30p+5p
48=34p
$1.41
:)